Impacts of Climate Risk on Corporate Lending
Speaker:
Phillip Ashby
Date and Time:
Wednesday, September 21, 2022 - 2:45pm to 3:45pm
Location:
Fields Institute, Room 230, or online at https://zoom.us/j/92292683265
Abstract:
The transition to a low-carbon economy requires significant action and investment. These policy actions can have an impact on the financial health of customers. These risks are known as the “transition risk” channel, through which climate risk can manifest in the financial system. In this talk, I will describe how we are incorporating transition risk into customer level assessments of probability of default and loan losses.